On the Chicago Mercantile Exchange milk futures closed mixed Thursday following the direction of the cash market. Class 3 markets were mixed trading anywhere from 4 cents higher to 2 cents lower. The beginning of the session started off strong but after the spot trade, the market tapered off. April finished up 1 cent to 15.81, may finished up 4 to 15.71 and June finished up 3 to 15.83. the 2ndquarter average is 15.78 and the 2ndhalf average is 16.36. Class 4 markets were mixed as well trading anywhere from 3 cents lower to 3 cents higher in the months of may through October.
Dry whey down $0.0025 at $0.3425. Five trades were made ranging from $0.3425 to $0.3450. Blocks unchanged at $1.66. One trade was made at that price. Barrels unchanged at $1.57. Seven trades were made ranging from $1.5675 to $1.57. Butter up $0.0025 at $2.2550. Three trades were made ranging from $2.2450 to $2.26. Nonfat dry milk up $0.0125 at $0.9875. Two trades were made at $0.9850 and $0.9875.